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 Bankinter Mortgages can be organized either online, via the telephone or in person at one of their many Branches.
Bankinter offer three main types of Mortgage, Fixed Rate Mortgage, Mixed Rate Mortgage and a Variable Rate Mortgage.
All of the Mortgages with Bankinter require roughly the same criteria to be met.
They require that the amount of the loan does not exceed 80% of its value if the property is to be used as your main residence and up to 55% of its value if the property is to be used as a second home or investment property.
Bankinter Mortgages need to be for between 30,050 Euros and 601,000 Euros. For larger amounts you will probably be referred to the Private Banking arm.
The term of the loan must be greater than 3 years but no more than 25 years although in some cases they may allow terms of up to 30 years.
You are required to make payments either monthly, quarterly or bi monthly and you are aloud to make over payments providing that the amount you wish to overpay is greater than 3000 euros.
To compliment the Bankinter Mortgage you can arrange Mortgage Protection Insurance through them.
This Insurance is arranged through General Electric Financial Insurance and they pay out up to a maximum of 1352.28 EUR per month and for up to 12 months consecutive. The cost of this Bankinter Mortgage Protection Insurance is around 1.1% of the value of the loan.
For full details on all Bankinter Mortgages and Financial Products please go through to their website at www.bankinter.com
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